Elme Communities (NYSE:ELME) currently has a daily average trading volume of 589.55K but it saw 857153 shares traded in last market. With a market cap of 1.34B USD, the company’s current market price of $15.23 came falling about -1.81 while comparing to the previous closing price of $15.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.33 and as low as $12.34. In the recent trading on the day, stock has struck highest price mark of $15.22 while lowest mark touched by it was $15.465.
Taking a look at 20-day trading activity of Elme Communities (ELME) gives us an average price of $15.10, while its current price level is -16.89% below from 52-week high level whereas it is 23.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.40 while that of 200 days or SMA-200 reads an average of $16.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.61% during that period while stretching the period over a month that increases to 1.88%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.66 which implies that the stock is in neutral territory.
JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on December 17, 2024 while assigning a price target range of $19-$18.
Over the week, ELME’s stock price is moving -2.93% down while it is 5.18% when we observe its performance for the past one month. Year-to-date it is -0.26% down and over the past year, the stock is showing an upside performance of 8.71%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $60.9M as analysts are expecting the sales for current fiscal year at $241.05M and seeing the company making $247.08M in sales next year. Moreover, analysts are in estimates of $60.5M for current-quarter revenue.
Currently, Elme Communities’s total number of outstanding shares is 88.01M with 1.37% of that held by the insiders while 91.08% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.75% and return on equity (ROE) at -1.16%. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 1.22 while price to sale or P/S ratio amounts to 5.60. Its return on asset (ROA) is -0.70% on average.
